1-1 By: Cook (Senate Sponsor - Armbrister) H.B. No. 2465 1-2 (In the Senate - Received from the House April 9, 1999; 1-3 April 12, 1999, read first time and referred to Committee on 1-4 Natural Resources; May 3, 1999, reported favorably by the following 1-5 vote: Yeas 6, Nays 0; May 3, 1999, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to the powers of a limited liability company. 1-9 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-10 SECTION 1. Article 2.02, Texas Limited Liability Company Act 1-11 (Article 1528n, Vernon's Texas Civil Statutes), is amended by 1-12 adding Section D to read as follows: 1-13 D. A limited liability company engaged as a common carrier 1-14 in the pipeline business for transporting oil, oil products, gas, 1-15 carbon dioxide, salt brine, fuller's earth, sand, clay, liquefied 1-16 minerals, or other mineral solutions has all of the rights and 1-17 powers conferred by Sections 111.019-111.022, Natural Resources 1-18 Code. 1-19 SECTION 2. This Act takes effect September 1, 1999. 1-20 SECTION 3. The importance of this legislation and the 1-21 crowded condition of the calendars in both houses create an 1-22 emergency and an imperative public necessity that the 1-23 constitutional rule requiring bills to be read on three several 1-24 days in each house be suspended, and this rule is hereby suspended. 1-25 * * * * *